In 2022, QSS Corporation reported net income of $7.5 million, and declared and paid preferred share dividends
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In 2022, QSS Corporation reported net income of $7.5 million, and declared and paid preferred share dividends of $1.5 million. In 2023, it reported net income of $9 million, and declared and paid preferred share dividends of $1.5 million. During both 2022 and 2023, QSS had a weighted average of 1,000,000 common shares outstanding.
(a) Calculate QSS’s 2022 and 2023 earnings per share.
(b) Did EPS increase or decrease? Using Excel, create an IF () formula to generate a response of “EPS Increased” or “EPS Decreased.”
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Related Book For
Intermediate Accounting Volume 1
ISBN: 9781119740469
13th Canadian Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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